Florida carriers may not complete 1.6 renewal in some cases: Senator
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Florida carriers may not complete 1.6 renewal in some cases: Senator

Florida State Capitol in Tallahassee

Several regional Florida carriers may be unable to complete their reinsurance treaties at 1 June as prices rise in a context where insurers are being hobbled by an overwhelming weight of litigation, senator Jeff Brandes has told this publication.

The Florida market has been dogged by a growing culture of litigation in the past 10 years to the point where “it is no longer an insurance market but has become a litigation manager market,” Brandes said.

Insurance

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